The portion of ________ that a bank does not loan out or spend on securities is known as ________
A) deposits; reserves B) loans; reserves C) deposits; securities D) loans; securities
A
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In the aggregate supply-aggregate demand model, if every person in the economy correctly anticipates the inflation rate, the unemployment rate will
A) be less than the natural rate of unemployment. B) be more than the natural rate of unemployment. C) equal zero. D) equal the natural rate of unemployment.
When a firm produces at the point where MR = MC, the profit that it is earning is considered to be
A) maximum. B) normal. C) above normal. D) Not enough information is provided.
A measure defined at a point in time is called a(n) ________ variable.
A. aggregate B. nominal C. flow D. stock
People who buy foreign currency for the sole goal of selling it at a profit are called:
A. numismatists. B. currency hedgers. C. currency manipulators. D. currency speculators.